India, Oct. 21 -- Houston billionaires Nancy and Rich Kinder have announced plans to give away most of their wealth in donations to local causes, which include parks, education and arts. The Texas couple plans to give away 95 per cent of their fortune, which would come up to over $10 billion.

In an interview with ABC13, the Kinders confirmed their pledge to donate most of their fortune. They are one of the wealthiest couples in the country and have a net worth of $11.3 billion, as per Forbes.

The billionaire couple's decision comes as the Kinder Foundation announced plans for an $18.5 million expansion of Emancipation Park, which is located in the centre of Third Ward.

"We've been very fortunate. You know, whatever wealth you accumulat...